CommerceHub, Inc. 4
4 · CommerceHub, Inc. · Filed Jan 24, 2017
Insider Transaction Report
Form 4
CommerceHub, Inc.CHUBA
Jones Richard Warren
CTO/EVP-Operations
Transactions
- Award
Stock Option (right to buy) - CHUBK
2017-01-20+174,535→ 174,535 totalExercise: $2.66From: 2017-01-20Exp: 2021-01-14→ Series C common stock (174,535 underlying)
Footnotes (1)
- [F1]In connection with the completion of the spin-off and internal restructuring (each as defined in the Remarks section), the award of stock appreciation rights ("SAR") held by the reporting person relating to common stock of CTI (as defined in the Remarks section) was converted into a stock option award relating to shares of the Issuer's Series C common stock pursuant to the anti-dilution provisions of the incentive plan under which the award was granted. The exercise price and number of shares subject to the option award are based on the exercise price and number of shares subject to the original SAR and the exchange ratio used in the internal restructuring to determine the number of shares of the Issuer's Series C common stock to be held by the former minority stockholders of CTI. The vesting of the option award was subject to the Issuer's satisfaction of certain performance criteria, and the performance criteria were met, resulting in the vesting of the option award.